CMC Markets (LON:CMCX) Shares Up 28.9% – Time to Buy?

CMC Markets Plc (LON:CMCX)’s stock price was up 28.9% on Thursday . The company traded as high as GBX 271.50 and last traded at GBX 267.50. Approximately 6,522,745 shares were traded during mid-day trading, an increase of 923% from the average daily volume of 637,542 shares. The stock had previously closed at GBX 207.50.

CMC Markets Stock Up 27.0%

The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19. The firm has a market cap of £718.01 million, a PE ratio of 11.66 and a beta of 0.51. The firm’s 50 day moving average is GBX 218.70 and its 200-day moving average is GBX 236.09.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, November 20th. The company reported GBX 13.30 EPS for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. As a group, equities research analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

Insider Activity at CMC Markets

In other CMC Markets news, insider David Fineberg bought 134 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of GBX 225 per share, for a total transaction of £301.50. 64.11% of the stock is currently owned by corporate insiders.

CMC Markets Company Profile

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.